Efficiency and performance of the Greek banking system: using the PROMETHE and DEA methods
2012
Manthoulis, G.
In recent years, the role of financial institutions has become more complex. This has happened due to various changes and the rapid developments which take place, as a result of the liberalization of financial markets, the globalization of activities and the significant advances in technology. The financial institutions, beyond their traditional role as intermediaries between depositors and borrowers, have to manage several risks, including: credit risk, interest rate risk and liquidity risk. Consequently, the financial institutions need to be efficient in order to face the challenges effectively. The aim of this paper is to evaluate the performance and efficiency of 12 Greek commercial banks for the period 2004-2010, using the multi-criteria PROMETHEE II method and Data Envelopment Analysis. This may be used to analyze the strengths and weaknesses of each bank compared to its competitors in a period before and after the recent financial crisis. In a dynamic and extremely competitive sector, such as the banking sector, the main characteristics of each financial institution should be flexibility and the ability to directly adapt to any unexpected change.
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